GermaiVImmo: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
GermaiVImmo
Largest movements
- Current investments +€29,732
up €29,732 (+77.2%), from €38,503 to €68,236
- Cash -€16,440
down €16,440 (-97.6%), from €16,843 to €403
mainly Current investments (-€29,732) and Deferred charges and accrued income (-€1,552)
- Tangible fixed assets -€10,011
down €10,011 (-19.8%), from €50,486 to €40,475
of which Other tangible fixed assets: -€50,486
- Deferred charges and accrued income +€1,552
new in 2025: €1,552
- Profit (loss) carried forward +€4,220
up €4,220 (+13.9%), from -€30,281 to -€26,061
- Accrued charges and deferred income +€1,750
up €1,750 (+100.0%), from €1,750 to €3,500
- Gross operating margin +€464
up €464 (+3.0%), from €15,543 to €16,007
- Financial charges +€299
up €299 (+15.6%), from €1,919 to €2,217
- Financial income -€202
down €202 (-7.2%), from €2,784 to €2,582
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,671 | €113,574 | +€5,903 | +5.5% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €50,486 | €40,475 | -€10,011 | -19.8% |
| Tangible fixed assets | 22/27 | €50,486 | €40,475 | -€10,011 | -19.8% |
| Land and buildings | 22 | - | €40,475 | +€40,475 | |
| Other tangible fixed assets | 26 | €50,486 | - | -€50,486 | |
| Current assets | 29/58 | €57,185 | €73,099 | +€15,914 | +27.8% |
| Amounts receivable within one year | 40/41 | €1,839 | €2,909 | +€1,070 | +58.2% |
| Other amounts receivable | 41 | €1,839 | €2,909 | +€1,070 | +58.2% |
| Current investments | 50/53 | €38,503 | €68,236 | +€29,732 | +77.2% |
| Cash at bank and in hand | 54/58 | €16,843 | €403 | -€16,440 | -97.6% |
| Deferred charges and accrued income | 490/1 | - | €1,552 | +€1,552 | |
| Total equity and liabilities | 10/49 | €107,671 | €113,574 | +€5,903 | +5.5% |
| Equity | 10/15 | €4,719 | €8,939 | +€4,220 | +89.4% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Capital | 10 | €35,000 | - | -€35,000 | |
| Issued capital | 100 | €60,000 | - | -€60,000 | |
| Uncalled capital | 101 | €25,000 | - | -€25,000 | |
| Profit (loss) carried forward | 14 | -€30,281 | -€26,061 | +€4,220 | +13.9% |
| Amounts payable | 17/49 | €102,952 | €104,635 | +€1,683 | +1.6% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | - | €100,000 | +€100,000 | |
| Other amounts payable | 178/9 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €1,202 | €1,135 | -€67 | -5.6% |
| Trade debts | 44 | €1,202 | €1,135 | -€67 | -5.6% |
| Suppliers | 440/4 | €1,202 | €1,135 | -€67 | -5.6% |
| Accrued charges and deferred income | 492/3 | €1,750 | €3,500 | +€1,750 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,011 | €10,011 | = | 0.0% |
| Other operating charges | 640/8 | €2,082 | €2,141 | +€59 | +2.8% |
| Gross operating margin | 9900 | €15,543 | €16,007 | +€464 | +3.0% |
| Operating profit (loss) | 9901 | €3,450 | €3,855 | +€405 | +11.7% |
| Financial income | 75/76B | €2,784 | €2,582 | -€202 | -7.2% |
| Recurring financial income | 75 | €2,784 | €2,582 | -€202 | -7.2% |
| Financial charges | 65/66B | €1,919 | €2,217 | +€299 | +15.6% |
| Recurring financial charges | 65 | €1,919 | €2,217 | +€299 | +15.6% |
| Profit (loss) for the period before taxes | 9903 | €4,315 | €4,220 | -€95 | -2.2% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | €4,315 | €4,220 | -€95 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,315 | €4,220 | -€95 | -2.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.